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Adidas possible takeover target

19/04/2007
 
Following the announcement last week that German sportswear company Puma is to be taken over by French luxury goods company PPR, which owns labels such as Gucci, it appears that adidas has become the next takeover target. According to reports, UK-based private equity firm Apax Partners, which counts Tommy Hilfiger amongst its portfolio, is believed to be considering a 25% stake in the German sportswear company for just over €10 billion, which could well be the first step towards a takeover bid.



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